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River Island chair Bradbury to leave for personal reasons, Ben Lewis returns as CEO

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February 11, 2025

Richard Bradbury, executive chair of family-owned fashion retailer River Island, is stepping down from his role, citing personal reasons, the retailer conformed in a statement.

Photo: Sandra Halliday

Following the announcement of his departure, River Island also said Ben Lewis, who is related to founder and owner Bernard Lewis, will return to the position of CEO with immediate effect. Clive Lewis, the son of the founder, will also take on his previous role as non-executive chair with immediate effect.

Ben Lewis, who previously held the CEO position for nearly a decade before stepping down in 2019, said: “I am excited to be rejoining River Island at such a pivotal time.”

He added: “Richard has built a great team, and I look forward to working with them to continue to develop the business and capture the many opportunities ahead.”

Bradbury, who had served as its CEO until 2010, rejoining River Island in December 2022, added: “It has been a great honour to have worked in this amazing business twice. The River Island team is incredible, and during the last two years we have achieved so much together to position the business for its next phase. I know [it] will be in strong and capable hands under the experienced leadership of Ben.”

After swinging to a loss in 2023, River Island reportedly last month drafted in consultants from AlixPartners to focus on profit improvement.

 

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Fashion

LK Bennett posted loss and falling sales for latest year

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February 11, 2025

Premium formalwear brand LK Bennett has posted a loss with its accounts for the year to last January. The London-based womenswear, footwear and accessories retailer said in a Companies House accounts filing that it made a pre-tax loss of £3.1 million in the 12 months compared to a pre-tax profit of £2.3 million in the previous period.

LK Bennett

We don’t yet know any details of how it’s fared since then with its accounts filing for its next financial year not likely to come until later this year or early next.

The company swinging to a pre-tax loss came as it also saw revenue falling to £42.1 million from £48.7 million during the year. The gross margin also fell quite sharply from 61.9% in the previous financial period 254.9% this time. The net loss for the year was £3.5 million after a net profit of £1.8 million in the previous year.

It said it was affected by the tough economic climate in the UK as well as global events that added to inflation and the overall cost-of-living crisis.

While it operates stores in mainland Europe and Ireland, the UK is an important part of the company’s business both for its physical stores and it’s online store and it added that it’s important that it “reacts to the marketplace and relevant changes in consumer spending as rapidly as possible”.

What that meant was an intention post period end “to review customer requirements and ensure the product range matches these expectations”. In practice that has included adding relevant new categories and adding to its size range.

At the time, the directors also added that they were remain confident about the businesses ability to react positively to the challenges out there.

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UK January online spend rose 3% following stronger December and Black Friday

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February 11, 2025

UK online spending rose 2.9% year on year to hit £8.1 billion in January, according to new data from Adobe Analytics. It followed annual growth of 19.9% in December, although this was impacted by Cyber Monday falling in December 2024 against November 2023.

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Overall, spend increased 5.9% during the whole festive period and with the almost-3% January rise, Adobe said it indicated “continued consumer confidence and online spending power following 2024’s record holiday spending period”.  

So what were people buying last month? Health & wellbeing were key, we’re told.

“Shoppers looking to start the year well, focused their spending [here]”, Adobe explained. “Consumers browsed online to upgrade their home gym, with online purchases of exercise equipment rising by 60% when compared with the previous month. Health and nutrition were top of mind, as online spending on natural supplements including multivitamin powders and pills increased by 26% and fruits and vegetables by 24%”. 

Consumers also enjoyed discount deals across categories including apparel (-5.2%), sporting goods (-1.9%), furniture (-2.9%), and appliances (-1.2%), “as retailers kept prices competitive to stimulate demand after record spending between November [and] December”.  

But while they may have been spending freely, shoppers were also still reliant on buy now, pay later (BNPL) services to boost their spending capabilities. In January, £1.26 billion was spent via BNPL, accounting for 15% of total January spend, and up 3.3% compared to January 2024.

Vivek Pandya, lead analyst, Adobe Digital Insights at Adobe commented: “After indulging in deep online discounts during the holiday season, shoppers kicked off 2025 by putting their money where their health is and spending on items to boost their wellness and fitness. Consumers also took advantage of continued discounting in January with online retailers dropping the prices of apparel, sporting goods, furniture and appliances in an effort to avoid a post-Christmas spending hangover.” 

The Adobe Digital Insights team used Adobe Analytics to analyse hundreds-of-millions of visits to retail sites from UK consumers in January 2025, tracking 100 million stock-keeping units (SKUs) across 18 product categories.

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A twisted Tory Burch in the MOMA

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February 11, 2025

The reigning queen of American sportswear Tory Burch was back in action Monday evening with a quirky take on her oeuvre inside a true temple of modernism.
 

Tory Burch – Fall-Winter2025 – 2026 – Womenswear – Etats-Unis – New York – ©Launchmetrics/spotlight

La Tory chose the Museum of Modern Art (MOMA) on 53rd street, for the first show ever inside the actual building, even if colleagues have staged runway displays in the museum’s garden.
 
Career-gal cool from Burch, who has built an empire on providing clothes that make women feel like they have a lead part in a new Manhattan-based drama series on Netflix.

Like Burch herself, the Tory gal is an overachiever, who manages to combine a certain je ne sais quoi chic with appealingly functional style. Burch’s initial choice of garments was typical this season – working trackpants, casual sweaters or wool cardigans – but the fresh surfaces and detailing she gave them all was very impressive.

Tory Burch – Fall-Winter2025 – 2026 – Womenswear – Etats-Unis – New York – ©Launchmetrics/spotlight

She broke new ground with a great series of handbag jackets in calfskin or felt – covered in multiple different sized pockets, like a monochrome de Stijl composition. While her excellently cut embroidered wool coats recalled a cubist image by George Braque.

“Twisted American sportswear. A second chance at classics… Women are defining classic for themselves,” argued Tory in her program notes. Staying true to that dictum in this collection.
 
Guests were divided into two floors, with most of the paparazzi action upstairs in Marron Family Atrium. The house had to install a large white wall to cover several works of art, for which MOMA could not provide visual rights in a show. Another wall was a humongous LED screen showing panning shots of guests arriving, where one could wave at oneself occasionally. 

Tory Burch – Fall-Winter2025 – 2026 – Womenswear – Etats-Unis – New York – ©Launchmetrics/spotlight

Given the crisp production, the cackling track “Haha” by Charlotte Adigéry & Bolis Pupul jarred irritatingly to both begin and end the show. 
 
Apart from that small lapse, this was an impressive display from the 58-year-old Tory Burch, who took a languid bow looking remarkably unchanged from when she first appeared on the fashion scene with a small presentation in Little Italy back in 2024.  Today, Tory Burch is sold in over 3,000 stores. Like we said, overachiever chic.
 

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